PCIT+ January'25 Newsletter
Key Management Group, Inc.
Driving Business Excellence through Technology and Innovation
✨ Happy New Year! 🥂
As we welcome 2025, let's continue exploring the latest insights and trends in the Insurtech industry together. This year, we remain committed to keeping you informed about the developments shaping your community and domain.
Stay tuned for fresh perspectives, cutting-edge innovations, and the stories that matter most—all delivered straight to your inbox. Here's to another year of growth, connection, and success!
Insurtech Top Stories
How AI and tech will impact insurers in 2025. Read story →
Five Collision Claim Trends to Watch in 2025. Read story →
South Carolina bars A-Cap insurers from writing new policies in 2025. Read story →
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What's Happening at Key Management Group
The KMG Story
30+ Years of Innovation: A Journey of Excellence and Impact🌟
For over 30 years, KMG has been transforming innovative ideas into impactful solutions for 200+ clients globally. From custom software to enterprise automation, we empower businesses to excel, specializing in industries like P&C insurance and healthcare.
Our journey of excellence is fueled by partnerships with leading platforms such as Vertafore, Socotra, and Insurity, ensuring seamless software integration. Beyond technology, we’re committed to community growth through our CSR activities and active participation in global events.
As we step into 2025, AI solutions, data services, and enterprise automation are at the forefront of our mission to redefine technology. Together, we shape the path ahead with innovative solutions.
Join us on this incredible journey! Visit www.kmgus.com to learn more.
InsurTech Highlights
Tangram unveils new multi-line insurance program for the security guard industry
This innovative offering, available via the Accelerant Risk Exchange and Service Insurance Companies, provides insureds access to specialty liability and workers’ compensation insurance. Read story →
The future of insurance: Key priorities for 2025
As insurers look beyond 2025, the focus will be on maintaining momentum while addressing a host of new challenges. With market turbulence likely to persist, insurers cannot rely solely on rising premiums or a hard market cycle for growth. Read story →
Partnerships
New partnership between Cytora and Moody’s RMS tackles catastrophe risk in insurance. Read story →
FlyEasy debuts in Asia Pacific through the Blink Parametric and Zurich Edge partnership. Read story →
Acquistions
Zurich acquires AIG’s travel insurance business to strengthen its global footprint. Read story →
Nexus Underwriting to Acquire Arma Underwriting, a Dubai-based specialty reinsurance MGA. Read story →
LWCC acquires Prescient National to expand workers’ comp reach. Read story →
Funding & Investments
Bolttech raises $100m in Series C to fuel global InsurTech expansion. Read story →
SandboxAQ secures over $300m for advancing AI in key industries. Read story →
Risk intelligence platform Bureau secures $30 million Series B funding. Read story →
Insights
#Success Story: Streamlining Loss Run Data Extraction Using Automation Capabilities
Discover how a $20M P&C insurance client, headquartered in New York, automated their data extraction process to eliminate bottlenecks with Primis. Explore the results that helped them reduce reliance on the manual workforce for simple loss runs to drive financial savings. Read more →
Insurtech 2024 Wrap-up: Best Practices for Successful Insurtech Software Solutions
As we look ahead, KMG delves into the pivotal trends shaping the industry in the latter half of 2024, providing a comprehensive analysis of emerging technologies, evolving market dynamics, and untapped opportunities. Here’s an in-depth exploration of the strategies and practices essential for success that happened in 2024. Read more →
#Success Story: Historical Claims Data Migration for Multiple Workers Comp P&C Insurance Carriers
Discover how a Workers’ Comp P&C carrier migrated 20+ years of claims data to a cloud platform, overcoming challenges with KMG’s expert strategy to ensure accuracy, compliance, and efficiency. Read more →
The Strategic Value of Agent Portals in the Insurance Industry
With the evolving insurance landscape, claims management, interactions with clients and MGAs, underwriting processes, etc., are getting quite hectic and complex, indicating the immediate need for robust digital solutions like intuitive portals. Read more →
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